TV Buying Intentions Unchanged in July, but Consumer Confidence Rebounded
Consumer intentions to buy new TV sets was unchanged in July from June, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through July 18 and found 12.5 percent plan to buy a new TV set…
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in the next six months, said the board. That was the same as in June, down from 12.6 percent in May and up from 11.7 percent in July 2018, it said. Consumer confidence rebounded in July after “an escalation in trade and tariff tensions” drove a sharp decline in June, it said: “Consumers are once again optimistic about current and prospective business and labor market conditions. In addition, their expectations regarding their financial outlook also improved. These high levels of confidence should continue to support robust spending in the near-term despite slower growth in GDP.”